Share structure

Category 1 and 2 members of the Exchange are required to hold a minimum of 25,000 B shares. Each Category 3 member is required to hold a minimum of 5,000 B shares and each Category 4 member is required to hold a minimum of 2,500 B shares. Category 5 members are not required to hold B shares.

Under its Articles of Association, B shares in LME Holdings Limited are freely transferable to any person, not just actual or proposed category 1, 2, 3 or 4 members, however B share transfers are subject to Board approval. It would be expected that transfers of B Shares would take place between prospective and/or existing members.